Factoring is a line of credit provided to businesses, secured against selected or all of their outstanding accounts receivable.
The process is simple. You invoice your customer directly, and upload the invoice(s) to us at the same time. Within 24 hours we will pay up to 80% of the value of approved invoices. The remaining or residual balance, less accrued fees is paid to you when the invoice(s) are paid in full.
Are you a small to medium sized business? Maybe starting-up, in a period of growth, or even managing your business through a turnaround situation? Then Factoring may suit you.
Conus Noble can pay up to 80% upfront on the face value of the completed work invoices due for payment for a period of up to 60 days.
Once approved, Conus Noble pays up to 80% of the face value of any invoices financed within 24 hours.
This service is disclosed. Your clients will be informed.
Our service covers the face value of completed work invoices due for payment in the period of up to 60 days, of part thereof.
Factoring facilities are disclosed, meaning that your customers will be made aware of Conus Noble’s involvement at the outset and ongoing as invoices are issued and uploaded.
NCI Insurance covers all completed work invoiced so that both Conus Noble and our Clients are fully protected in case a Customer defaults on paying for completed work that has been invoiced.